← GREATER BURLINGTON YOUNG MENS CHRISTIAN ASSOCIATION INC

Form 990 for tax year 2024

Filed by GREATER BURLINGTON YOUNG MENS CHRISTIAN ASSOCIATION INC.

Totals

Total revenue: $11,405,146
Total expenses: $11,007,193
Contributions and grants received: $911,252
Grants paid: $0
Program service revenue: $10,192,903
Investment income: $296,523
Other revenue: $4,468
Total assets, end of year: $25,501,364
Total liabilities, end of year: $1,549,374
Net assets or fund balances, end of year: $23,951,990
Program services expenses (Part IX): $8,856,437
Management and general expenses: $1,729,970
Fundraising expenses: $420,786
Program service expenses (Part III): $8,856,437

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$23,125
1e · Government grants (contributions)

$286,803
1f · All other contributions, gifts and grants

$601,324
1g · Noncash contributions included above

$12,713
2a · Program service revenue: YOUTH DEVELOPMENT

total $6,037,228 · related or exempt $6,037,228
2b · Program service revenue: HEALTHY LIVING

total $4,155,675 · related or exempt $4,155,675
3 · Investment income

total $270,683 · excluded $270,683
7a · Gross sales of assets other than inventory

securities $411,135
7b · Less cost or other basis and sales expenses

securities $385,295
7c · Gain or loss

securities $25,840
7d · Net gain or loss

total $25,840 · excluded $25,840
10a · Gross sales of inventory

$15,208
10b · Cost of goods sold

$25,613
10c · Net income from sales of inventory

total -$10,405 · related or exempt -$10,405
11a · Other revenue: OTHER INCOME

total $14,873 · related or exempt $14,873
11e · Other revenue, total

$14,873

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $369,787 · management and general $295,830 · fundraising $73,957
7 · Other salaries and wages

total $5,680,207 · program services $4,745,264 · management and general $799,901 · fundraising $135,042
8 · Pension plan contributions

total $165,997 · program services $145,313 · management and general $14,413 · fundraising $6,271
9 · Other employee benefits

total $723,381 · program services $615,771 · management and general $77,044 · fundraising $30,566
10 · Payroll taxes

total $460,127 · program services $391,679 · management and general $49,006 · fundraising $19,442
11b · Fees: legal

total $24,887 · program services $19,535 · management and general $4,495 · fundraising $857
11c · Fees: accounting

total $35,200 · program services $27,631 · management and general $6,358 · fundraising $1,211
11g · Fees: other

total $937,781 · program services $852,293 · management and general $27,666 · fundraising $57,822
13 · Office expenses

total $269,366 · program services $187,067 · management and general $39,982 · fundraising $42,317
14 · Information technology

total $296,604 · program services $227,010 · management and general $52,239 · fundraising $17,355
16 · Occupancy

total $944,389 · program services $644,489 · management and general $294,787 · fundraising $5,113
17 · Travel

total $22,787 · program services $22,340 · management and general $329 · fundraising $118
19 · Conferences, conventions and meetings

total $105,084 · program services $90,253 · management and general $5,688 · fundraising $9,143
20 · Interest

total $15,040 · program services $13,418 · management and general $1,362 · fundraising $260
21 · Payments to affiliates

total $158,051 · program services $146,170 · management and general $3,387 · fundraising $8,494
22 · Depreciation, depletion and amortization

total $154,739 · program services $152,962 · management and general $1,193 · fundraising $584
23 · Insurance

total $187,461 · program services $147,148 · management and general $33,861 · fundraising $6,452
24a · Other expenses: PROGRAM FOOD & SUPPLIES

total $379,419 · program services $372,880 · management and general $3,443 · fundraising $3,096
24b · Other expenses: MISCELLANEOUS

total $73,221 · program services $51,569 · management and general $18,969 · fundraising $2,683
24c · Other expenses: BAD DEBT

total $3,665 · program services $3,645 · management and general $17 · fundraising $3

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,418,983 · end of year $1,766,691
2 · Savings and temporary cash investments

beginning of year $641,383 · end of year $876,729
3 · Pledges and grants receivable

beginning of year $195,682 · end of year $83,931
4 · Accounts receivable

beginning of year $847,362 · end of year $859,571
7 · Other notes and loans receivable

beginning of year $2,675,514 · end of year $2,609,071
9 · Prepaid expenses and deferred charges

beginning of year $135,695 · end of year $77,834
10a · Land, buildings and equipment: cost or other basis

$2,727,473
10b · Land, buildings and equipment: accumulated depreciation

$2,126,688
10c · Land, buildings and equipment, net

beginning of year $752,098 · end of year $600,785
11 · Investments: publicly traded securities

beginning of year $1,664,897 · end of year $1,744,080
13 · Investments: program-related

beginning of year $16,698,462 · end of year $16,698,462
15 · Other assets

beginning of year $1,318,243 · end of year $184,210
17 · Accounts payable and accrued expenses

beginning of year $507,827 · end of year $360,763
19 · Deferred revenue

beginning of year $941,690 · end of year $895,936
23 · Secured mortgages and notes payable

beginning of year $156,502 · end of year $113,402
25 · Other liabilities

beginning of year $279,935 · end of year $179,273
27 · Net assets without donor restrictions

beginning of year $23,943,265 · end of year $23,644,520
28 · Net assets with donor restrictions

beginning of year $519,100 · end of year $307,470

Mission and programs · 2024

Mission

THE YMCA BUILDS A STRONG COMMUNITY BY INVOLVING YOUTH, ADULTS, AND FAMILIES IN PROGRAMS AND ACTIVITIES THAT HELP THEM LEARN, GROW, AND THRIVE. WE STRIVE TO ELIMINATE BARRIERS TO PARTICIPATION BY OFFERING BOTH DIRECT FINANCIAL ASSISTANCE AND SUBSIDIZED AND FREE PROGRAMS.

Activities or mission (Part I)

BUILDS A STRONG COMMUNITY BY INVOLVING YOUTH, ADULTS, AND FAMILIES IN PROGRAMS AND ACTIVITIES.

YOUTH DEVELOPMENT: AT OUR YMCA ONE OF OUR PRIMARY AREAS OF FOCUS IS YOUTH DEVELOPMENT. OUR PROGRAMSSPREAD ACROSS FOUR COUNTIESOFFER A SAFE, NURTURING ENVIRONMENT FOR CHILDREN TO LEARN NEW SKILLS, DEVELOP HEALTHY AND TRUSTING RELATIONSHIPS, AND TO BUILD SELF-RELIANCE THROUGH THE Y VALUES OF CARING, HONESTY, RESPECT, AND RESPONSIBILITY. Y KIDS DEVELOP SOCIAL-EMOTIONAL SKILLS, APPRECIATE THE IMPORTANCE OF PHYSICAL ACTIVITY, AND LEARN HOW TO BE THEMSELVES. THAT MAKES FOR CONFIDENT KIDS TODAY AND CONTRIBUTING AND ENGAGED ADULTS TOMORROW.

Expenses $5,711,976 · Revenue $6,037,228
HEALTHY LIVING: AT OUR YMCA, ONE OF OUR PRIMARY AREAS OF FOCUS IS HEALTHY LIVING. HEALTH AND WELL-BEING ARE ALL ABOUT BALANCE. THAT'S WHY WE HELP PEOPLE AND FAMILIES BUILD AND MAINTAIN HEALTHY HABITS FOR SPIRIT, MIND, AND BODY. BY HELPING KIDS, ADULTS, FAMILIES, AND SENIORS FROM ALL BACKGROUNDS IMPROVE THEIR HEALTH AND WELL-BEING, WE BUILD STRONGER COMMUNITIES. AT THE Y, YOU CAN LEARN TO SWIM, JOIN A SWIM TEAM, AND USE OUR POOLS TO GET FIT OR HAVE FUN IN A FRIENDLY, CARING ENVIRONMENT. Y SWIM PROGRAMS AND AQUATIC FITNESS CLASSES EMPHASIZE SAFETY, SKILL BUILDING, AND HOW TO ENJOY WATER ACTIVITIES FOR A LIFETIME.

Expenses $3,144,461 · Revenue $4,155,675
SOCIAL RESPONSIBILITY: THE Y'S COMMUNITY-BASED APPROACH FOSTERS OPPORTUNITIES FOR MEANINGFUL POSITIVE ENGAGEMENT AMONG ALL AGES, SOCIO-ECONOMIC GROUPS, RACES, AND RELIGIONS. IT IS A PLACE WHERE PEOPLE CAN FIND COMMON GROUND AND BECOME PART OF A COMMUNITY. THE Y CONTINUES TO WORK TOWARDS BEING A PLACE WHERE "EVERYONE BELONGS" BY PRIORITIZING INCLUSION THROUGH A VARIETY OF PROGRAMS AND INITIATIVES.

As filed on the 2024 return.

Listed in Part VII

DANIEL SMITH

PRESIDENT & CEO (START 12/24)

Total calculated

$33,467

From this org

$33,230

From related orgs

$0

Other

$237

Hours/week

39 + 1 related
KYLE DODSON

PRESIDENT & CEO (THRU 1/24)

Total calculated

$158,191

From this org

$157,650

From related orgs

$0

Other

$541

Hours/week

39 + 1 related

Schedule J breakdown matched by us

Base

$19,517

Bonus

$0

Other

$138,133

Deferred

$541

Nontaxable benefits

$0

Filer's total

$158,191
NOMA ANDERSON

CHAIR

Total calculated

$0

Hours/week

1
KELLY CORNELL

VICE CHAIR

Total calculated

$0

Hours/week

1
ROBYN SOUZA

SECRETARY

Total calculated

$0

Hours/week

1
RENEE BOURGET-PLACE

TREASURER

Total calculated

$0

Hours/week

1
BASHIR ABDALLAH

BOARD MEMBER

Total calculated

$0

Hours/week

1
VICTORIA BENNETT

BOARD MEMBER

Total calculated

$0

Hours/week

1
JIM COHEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
KEVIN GALLAGHER

BOARD MEMBER

Total calculated

$0

Hours/week

1
KATIE HAWLEY

BOARD MEMBER

Total calculated

$0

Hours/week

1
BRIAN LOWRY

BOARD MEMBER

Total calculated

$0

Hours/week

1
PJ MCHENRY JR

BOARD MEMBER

Total calculated

$0

Hours/week

1
SCOTT PALUSKA

BOARD MEMBER

Total calculated

$0

Hours/week

1
DAVID SEAVER

BOARD MEMBER

Total calculated

$0

Hours/week

1
CATHERINE SIMONSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
MARSHA FARYNIARZ

INTERIM PRESIDENT & CEO (2/24-11/24)

Total calculated

$212,968

From this org

$209,035

From related orgs

$0

Other

$3,933

Hours/week

39 + 1 related

Schedule J breakdown matched by us

Base

$209,035

Bonus

$0

Other

$0

Deferred

$3,933

Nontaxable benefits

$0

Filer's total

$212,968
SARAH SZABO

CONTROLLER

Total calculated

$113,147

From this org

$113,147

From related orgs

$0

Other

$0

Hours/week

40
ELIZA PICKARD

VP OF DEVELOPMENT

Total calculated

$152,632

From this org

$121,392

From related orgs

$0

Other

$31,240

Hours/week

40

Schedule J breakdown matched by us

Base

$121,392

Bonus

$0

Other

$0

Deferred

$2,584

Nontaxable benefits

$28,656

Filer's total

$152,632

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment

Answered no

4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: Y-USA RELEASES GUIDELINES EACH YEAR WHICH LIST A SALARY RANGE SUGGESTION FOR TOP MANAGEMENT OFFICIALS BASED ON ORGANIZATION SIZE AND OTHER RELATED FACTORS. ADDITIONALLY, A COMPENSATION STUDY USING THE HAY SCALE WAS CONDUCTED FOR THE ROLE AND THE RANGE WAS VERIFIED IN AGREEMENT WITH THE Y-USA SALARY RANGE SUGGESTIONS. THE EXECUTIVE COMMITTEE AND BOARD REVIEWS THE STRATEGIC PLAN, ORGANIZATION ASSESSMENT AND NEEDS OF THE ORGANIZATION TO SET GOALS FOR THE TOP MANAGEMENT OFFICIAL AND DETERMINE AN ANNUAL SALARY WITHIN THE RANGE PROVIDED, BASED ON GOALS AND PERFORMANCE.
PART I, LINE 4A: KYLE DODSON RECEIVED A SEVERANCE PAYMENT OF $138,133 IN 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

GREATER BURLINGTON YMCA FOUNDATION INC

501(C)(3) · SUPPORT FOR THE GBYMCA, INC. A VERMONT TAX-EXEMPT CORPORATION · VT · controlled entity

Directly controlled by GREATER BURLINGTON YMCA INC

Provenance

Return type: form_990
Tax year: 2024
Filed: 3 June 2025
IRS schema version: 2024v5.1
Source object: 202511609349300711

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